Consider the following chart.
Instant Noodle Price Chart
Price data for Noodle A, Noodle B, and Noodle C (2017-2020).
The correct conclusion from the chart above is...
Explanation
Let's analyze each option based on the data in the chart.
Answer Choice Analysis
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Product Noodle A never experienced a price decrease
- 2017 to 2018: 3500→2500 (Decrease)
- 2019 to 2020: 3350→3000 (Decrease)
- This statement is false because Noodle A experienced price decreases twice.
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The price increase of Noodle B in 2019—2020 was higher than the price increase of Noodle B from 2017—2019
- Increase 2019—2020: 4500−4000=500
- Change 2017—2019: 4000−4500=−500 (Decrease)
- Comparing an increase with a decrease implies both increased, which is not true. Since 2017—2019 saw a decrease, this statement is incorrect.
-
There is a Noodle product that experienced only one price decrease
- Noodle C experienced price increases in 2017—2018 (2250→2500) and 2018—2019 (2500→2800).
- However, in 2019—2020, the price decreased (2800→2650).
- Thus, Noodle C experienced only one price decrease, making this statement true.
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Almost all Instant Noodle products frequently experience price increases
- There are 9 price transitions in total (3 products × 3 periods).
- Increases occurred 4 times: Noodle A (1x), Noodle B (1x), Noodle C (2x).
- Decreases occurred 5 times: Noodle A (2x), Noodle B (2x), Noodle C (1x).
- The frequency of decreases is higher than increases, so this statement is false.
-
The price of Noodle A did not experience a drastic decrease
- From 2017—2018, the price of Noodle A dropped from 3500 to 2500 (a drop of 1000 or approximately 28.6%).
- This decrease is quite significant, so this statement is likely false.
Conclusion
The correct conclusion based on the data is that there is a Noodle product that experienced only one price decrease, which is Noodle C.